Khan Academy is a non-profit educational organization that provides free online resources for learners of all ages. It was founded in 2008 by Salman Khan, who started tutoring his cousin remotely through YouTube videos, and now it has grown into a comprehensive educational platform that offers courses in math, science, history, and many other subjects.
Despite being a non-profit organization, Khan Academy still needs to generate revenue to sustain its operations and provide free educational resources to millions of learners around the world. So, how does Khan Academy make money?
Donations and Grants
The primary source of funding for Khan Academy comes from donations and grants from individuals, foundations, and corporations. As a non-profit organization, Khan Academy relies on the generosity of its supporters to keep its platform free and accessible to everyone.
The organization has received several large grants over the years, including a $10 million grant from Google in 2014 and a $3 million grant from the Bill and Melinda Gates Foundation in 2017. In addition to these major grants, Khan Academy also relies on individual donations from its users to keep the lights on.
Partnerships and Collaborations
Khan Academy has partnered with several organizations to expand its reach and impact. These partnerships help Khan Academy to reach new audiences and provide better educational resources to learners around the world. Some of Khan Academy’s key partnerships include:
- College Board: Khan Academy has partnered with the College Board to provide free SAT prep resources to students. This partnership has helped millions of students prepare for the SAT and gain access to higher education.
- Pixar: Khan Academy has collaborated with Pixar to create a series of lessons on storytelling and animation. These lessons are designed to teach students about the creative process behind Pixar’s films and inspire them to pursue careers in the arts.
- NASA: Khan Academy has partnered with NASA to create a series of lessons on space exploration and astronomy. These lessons are designed to inspire students to learn more about the universe and pursue careers in STEM fields.
Khan Academy does not display advertisements on its platform, and it has no plans to do so in the future. The organization believes that ads can be distracting and disruptive to the learning experience, and it wants to keep its platform as clean and user-friendly as possible.
Khan Academy offers a small selection of branded merchandise for sale on its website. These products include t-shirts, mugs, and stickers, and the proceeds from their sale help support Khan Academy’s operations.
Khan Academy also partners with other organizations to sell co-branded merchandise. For example, it has partnered with the Khan Academy Kids show to sell a line of children’s books and toys.
In conclusion, Khan Academy makes money through a combination of donations, grants, partnerships, and merchandise sales. These revenue streams allow the organization to continue providing free educational resources to learners around the world and expand its reach and impact.
Khan Academy’s commitment to keeping its platform ad-free and accessible to everyone sets it apart from other online educational platforms. By relying on the generosity of its supporters, Khan Academy can remain focused on its mission of providing a world-class education to anyone, anywhere.